Earlier quoted context omitted.
Before the web, newspapers, magazines and other media could afford writers, editors and journalists, and the effect of the web was for print media to gut its infrastructure and budgets in favor of intern bloggers and clickbait because it couldn't be free and afford to compete with random no-budget sites and Twitter feeds otherwise. The news used to be worth paying for, and for some reason people seem to have convince…
"Destroyed" may be a too strong word. It may currently be a little hidden below the layer of all the crap out there, but good journalism is not dead and once reasonable payment models have beeb worked out, it can easily come back. Mind you that this has not been going on for that long. 15-20 years maybe. In the bigger picture, that's nothing.
We're all impatient, though. 15 years is about how long I'm an adult. 20 years is about how long I'm able to make use of news. If the way out of this mess is going to take another 20 years, it's not going to be of much use to me :). "In the long run" is good, but "within the productive lifetime of people concerned about it" would be best.